Northstar Investment Advisors LLC Has $936,000 Holdings in The Coca-Cola Co (KO)

Northstar Investment Advisors LLC trimmed its holdings in shares of The Coca-Cola Co (NYSE:KO) by 13.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,764 shares of the company’s stock after selling 3,085 shares during the period. Northstar Investment Advisors LLC’s holdings in The Coca-Cola were worth $936,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of KO. State of Alaska Department of Revenue grew its position in shares of The Coca-Cola by 0.9% in the third quarter. State of Alaska Department of Revenue now owns 560,169 shares of the company’s stock valued at $25,871,000 after purchasing an additional 4,973 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of The Coca-Cola by 1.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 233,378 shares of the company’s stock valued at $10,236,000 after purchasing an additional 2,600 shares during the last quarter. Ancora Advisors LLC grew its position in shares of The Coca-Cola by 21.0% in the third quarter. Ancora Advisors LLC now owns 51,438 shares of the company’s stock valued at $2,377,000 after purchasing an additional 8,941 shares during the last quarter. Man Group plc grew its position in shares of The Coca-Cola by 34.2% in the third quarter. Man Group plc now owns 617,032 shares of the company’s stock valued at $28,501,000 after purchasing an additional 157,187 shares during the last quarter. Finally, First Command Financial Services Inc. grew its position in shares of The Coca-Cola by 73.2% in the third quarter. First Command Financial Services Inc. now owns 19,124 shares of the company’s stock valued at $883,000 after purchasing an additional 8,084 shares during the last quarter. 65.53% of the stock is currently owned by hedge funds and other institutional investors.

KO traded up $0.06 during midday trading on Friday, reaching $47.13. 164,721 shares of the company’s stock were exchanged, compared to its average volume of 14,205,646. The stock has a market cap of $198.66 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.85 and a beta of 0.62. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. Equities research analysts expect that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, November 29th. The Coca-Cola’s payout ratio is 81.68%.

KO has been the topic of several research analyst reports. Wells Fargo & Co reaffirmed a “buy” rating and issued a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, October 17th. Macquarie set a $47.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, September 14th. HSBC set a $61.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Thursday, September 27th. Jefferies Financial Group reiterated a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a research note on Monday, December 10th. Finally, Morgan Stanley set a $50.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Monday, October 15th. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Hold” and an average price target of $51.78.

In other news, VP Kathy N. Waller sold 88,400 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $50.00, for a total transaction of $4,420,000.00. Following the completion of the sale, the vice president now owns 256,421 shares of the company’s stock, valued at $12,821,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James L. Dinkins sold 8,754 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now directly owns 28,354 shares of the company’s stock, valued at approximately $1,331,220.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 374,542 shares of company stock valued at $18,436,957. Company insiders own 1.48% of the company’s stock.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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